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Is Steel Authority Of India Ltd Shariah Compliant? | BarakFi | BarakFi
NIFTY 5023,842.75+0.54%SENSEX78,553.20+0.54%NIFTY BANK51,236.80−0.17%NIFTY IT33,156.40+0.75%NIFTY PHARMA19,872.35+0.28%NIFTY AUTO23,145.90−0.48%NIFTY FMCG56,234.15+0.32%INDIA VIX13.42−2.75%NIFTY 5023,842.75+0.54%SENSEX78,553.20+0.54%NIFTY BANK51,236.80−0.17%NIFTY IT33,156.40+0.75%NIFTY PHARMA19,872.35+0.28%NIFTY AUTO23,145.90−0.48%NIFTY FMCG56,234.15+0.32%INDIA VIX13.42−2.75%
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Home›Screener›SAIL
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Steel Authority Of India Ltd

Iron & Steel · Large Cap · India
₹203.87
▼ ₹2.19 (-1.06%) today
Day Range: ₹200.71 – ₹206.9
Volume: 1.03 Cr · as of 4 Jun 2026, 5:32 am
Shariah Status
Shariah Compliant
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Last screened 3 Jun 2026, 9:19 pm IST.
Methodology
AAOIFI aligned · 2026.04.2
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Shariah Compliant
Compliance
Market Data
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Shariah Compliance Breakdown
Debt Ratio
Interest-bearing debt compared to methodology denominator (AAOIFI: total assets). Must stay below 30%.
Disclaimer:The information on this page is for educational purposes only and does not constitute a religious ruling (fatwa) or financial advice. Shariah compliance status is derived from publicly available financial data and BarakFi's methodology mapping. Individual scholars may reach different conclusions. Always consult a qualified Islamic finance scholar and a licensed financial advisor before making investment decisions.
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Shariah-compliant equity screening for the Indian market.

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© 2026 BarakFi · Educational screening · Not a religious ruling or financial adviceMade in India
Threshold: 30%
23.5%
Borderline
Interest Income
Interest and treasury-based income as a share of business income. Must stay below 5%.
Threshold: 5%
0.0%
Pass
Non-permissible Income
Non-halal income compared to total business income. Must stay below 5%.
Threshold: 5%
Not detected
Pass
Accounts Receivable
Receivables compared to methodology denominator (AAOIFI: total assets). Must stay below 49%.
Threshold: 49%
4.8%
Pass
Business Activity
Core business lines should avoid prohibited sectors and interest-driven revenue dependence.
Allowed
Pass
Cash & Interest-bearing Assets
Cash, equivalents, and interest-bearing balances compared to total assets. Must stay below 30%.
Threshold: 30%
0.0%
Pass
Why Shariah Compliant
Steel Authority Of India Ltd currently screens as Shariah compliant on BarakFi. All required checks pass with current data.
Market Data
Current Price
₹203.87
Day Range
₹200.71 – ₹206.9
52-Week Range
₹118.1 – ₹209.7
Volume
1.03 Cr
Market Cap
₹84,234 Cr
P/E Ratio
—
About Steel Authority Of India Ltd

Steel Authority of India Ltd. engages in the manufacture and sale of steel and steel products. The company is headquartered in New Delhi, Delhi. The firm's segments include Bhilai Steel Plant, Durgapur Steel Plant, Rourkela Steel Plant, Bokaro Steel Plant, IISCO Steel Plant, AlloySteels Plant, Salem Steel Plant, Visvesvaraya Iron & Steel Plant and Others. The company manufactures and sells a range of steel products, such as pig iron, cold rolled products, pipes, semis, structurals, TMT, galvanised products, bars, rods, rebars, plates, railway products, wheels and axles, hot rolled products, stainless steel products, electrical steels, SAIL SeQR TMT Bars and SAIL Nex. The company produces iron and steel at approximately five integrated plants and approximately three special steel plants, located principally in the eastern and central regions of India. The firm's subsidiaries include SAIL Refractory Company Limited and Chhattisgarh Mega Steel Limited.

BarakFi combines that company context with filing-driven screening ratios, market-cap evidence, and live quote snapshots so you can review the stock through a Shariah-screening lens without losing the underlying business picture.

Index and universe context: Nifty 500 • Nifty SMALLCAP 100.

Iron & SteelLarge CapIndiaNSENifty 500Nifty SMALLCAP 100
Other Stocks in Iron & Steel
No nearby sector peers available yet.
Key Compliance Ratios
Debt Ratio23.5%
Interest Income0.0%
Non-permissible IncomeNot detected
Receivables Ratio4.8%
Overall StatusCompliant
Stock Information
TickerSAIL
ExchangeNSE
SectorIron & Steel
CountryIndia
Market Cap₹84,234 Cr
36M Avg MCap₹84,234 Cr
Cap SizeLarge Cap
About this Screening
This page uses an AAOIFI-aligned methodology version 2026.04.2, checking debt, interest income, non-permissible income, receivables, and balance-sheet context from the current filings dataset.

This is educational only — not a religious ruling or financial advice. Read the full methodology for threshold context and update cadence.

Read full methodology →
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